Rate & Fees

State APR Rate & Fee Regulations
Participating Lender's Interest rates
APR Example
Late Payments and Failure to Pay Policy
Loan Renewals Policy

Please remember that Lakeshoreloans.com.co is not a lender and does not provide lending services directly to consumers. Submitting your registration through Lakeshoreloans.com.co, is FREE. We are paid by the Participating Lenders or network of Participating Lenders to whom we referred you for each potential customer referral. Even if you turn down the loan or exit the process at any time, our service remains FREE of charge.

State APR Rate & Fee Regulations

Find your state to review the applicable laws and regulations governing cash advance loan rates and fees in your state:

Alabama, Alaska, California, Colorado
Delaware, Florida, Hawaii
Idaho, Illinois, Indiana, Iowa
Kansas, Kentucky, Louisiana
Michigan, Minnesota, Mississippi, Missouri, Montana
Nebraska, Nevada, New Mexico, North Dakota
Ohio, Oklahoma, Oregon, Rhode Island
South Carolina, South Dakota, Tennessee, Texas
Utha, Virginia, Washington, Wisconsin, Wyoming

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Participating Lender's Interest Rates

The Truth in Lending Act requires that the Participating Lender with whom you are matched disclose all loan fees, interest rates and other terms that apply if you accept the loan before you are asked to sign the loan documents. Please review this information carefully before agreeing to the terms of the loan. You are under no obligation to accept these terms. If you decide the loan terms the are acceptable, the lender will direct you as to how to submit an e-signature for the loan. If you decide they are not acceptable, you may exit the process at any time.

Interest rates are set by the Participating Lender. Fast short term loan generally have a higher interest rate than a loan by your bank or credit institution. However, payday loans or advances have less stringent qualification and are available much quicker than traditional loans. With our Participating Lenders, you receive your cash within 1 business day of signing the loan documents.

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APR Example

The Participating Lenders we work with have informed us that these fees typically range from $15 to $25 per $100 borrowed for 1 to 15 days or more, however we cannot provide specific rate information. As an example, if you borrow $100.00 14-day's later on your next pay period, the lender will take the repayment of $125.00 from your bank account. Thus, consumers who obtained payday loans from our lenders will pay an APR from 260% to 521% percent or higher. Other consumers may pay an APR as high as 782% . Thus, depending upon the loan you accept, the A.P.R. could range from 521.43% to as high as 782%.

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Late Payments and Failure to Pay Policy

Participating Lenders have their own policies pertaining to late payments. This policy, including the additional charges you will incur, is detailed in the loan documents provided to you before you are requested to submit your e-signature. Once you have signed the loan documents, you will be expected to understand and abide by the loan terms including the additional charges and/or interest if your payment is late. If you are not able to make the payments timely, please contact your Participating Lending as soon as you are aware the loan will be late and work with them, but remember additional fees and interest may apply.

Additional fees, charges will be assessed in the event that you do not repay your loan. The Participating Lenders are dedicated to fair and reasonable collection practices for refusal or failure to repay the loan. Refusal or failure to pay may result in legal action against you to collect the loan amount, interest and costs of collections. If you are not able to pay, contact the Participating Lender and work with them before any legal action is taken.

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Loan Renewals Policy

Loan renewal policies are largely governed by State statute. In states where rollovers or extensions are allowed, interest rates, and late fees may be added to the original loan amount and that can result in a substantial increase to the amount you will be required to payback. Again, be sure to read the Participating Lenders loan terms in carefully and thoroughly before signing the initial loan contract.

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As well as the rates and fees, the loan offer document will also explains the terms of your loan, including it's payback date. We suggest printing or saving a copy of the loan offer for future reference.

Lakeshoreloans.com.co requires our Lenders to be in compliance with all state and local regulations relating to short term loan!

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